Annual report pursuant to Section 13 and 15(d)

5. Acquisitions (Tables)

v3.6.0.2
5. Acquisitions (Tables)
12 Months Ended
Dec. 31, 2016
Purchase price allocated to the fair value of the net assets

Accounts receivable, net        $                 80,845
Prepaid expenses and other current assets       5,535
Proprietary technology       889,000
Covenant not to compete       8,000
Customer contracts       99,000
Current liabilities       (687,130)
Accrued royalty       (1,111,606)
Goodwill       993,637
Total purchase price        $               277,281

Schedule of aggregate purchase price
Covenant not to compete 232943
Customer contracts/relationships 747381
Fixed assets acquired 59810
Goodwill 159866
Purchase price 1200000
Pro forma financial information
    2016
Revenues    $      141.3
Net loss    $      (17.4)
     

Apptix[Member]  
Purchase price allocated to the fair value of the net assets
Prepaid expenses and other current assets       620,270
Property and equipment       2,878,877
Deferred tax liability       (2,596,762)
Covenant not to compete       1,417,000
Customer contracts       20,948,000
Accrued liabilities       (6,904,479)
Goodwill       8,053,974
Total purchase price        $          26,690,975
Fidelity [Member]  
Purchase price allocated to the fair value of the net assets
Cash 503,059
Accounts receivable, net 273,809
Prepaids 44.735
Property and equipment 1,111,699
Covenant not to compete 618,000
Customer contracts 1,924,3000
Accrued liabilities (692.606)
Deferred tax liability (7,710,536)
Goodwill 1,650,2971
Total purchase price 2,989,4133
Pro forma financial information
  2015
Revenues $      119.2
Net loss $      (6.9)